Nixon: tax credit changes to be a priority in 2013 - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Nixon: tax credit changes to be a priority in 2013

JEFFERSON CITY, Mo. (AP) - Gov. Jay Nixon says tax credit reform will be a priority issue when the Missouri Legislature convenes next year.

Nixon spoke Wednesday to members of a tax credit review panel that he has revived to recommend changes to Missouri?s roughly 60 different tax credit programs.

The commission compiled a report in 2010 that suggested some tax credits should be eliminated and others should be pared back, including incentives for the development of low-income housing and the renovation of historic buildings. Nixon reconvened the panel because tax credit costs have risen 20% since then.

The governor wants the commission to update its original recommendations by Dec. 5. The commission met for the first time Wednesday at the state Capitol.

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